Question

If you decide not to spend $1,000 you earned at your summer job but instead intend to buy shares in a mutual fund, in terms of aggregate economic accounting you would be:_______.

A) consuming.
B) saving.
C) investing.
D) transferring.

Answer 1

B)saving

Step-by-step explanation:

Savings in accounting can be regarded as the amount that remains when the

individual's consumer spending is removed from disposable income that is earned by a consumer at a particular iperiod of time. For instance you decide not to spend $1,000 you earned at your summer job but instead intend to buy shares in a mutual fund, in terms of aggregate economic accounting you would be saving.